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20121201
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can count on. ♪ could push the u.s. economy behind the times. plus, a preview of what stocks investors are looking to own after ringing in the new year. the sudden flow of one hundred dollar bills is indicating a rise in fishy activity. and, bring on the breakout. are the markets poised for a swing to the upside? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, december 5th. i'm angela miles. in today's first look: standstill. that's what's happening with the budget talks in washington, and it's reflected on wall street. stocks barely budged yesterday. gold, however, was a major mover. what that tells traders is coming up in the show. pandora hit a sour note with investors last night. shares plunged after the company revealed a loss of advertising money as lawmakers fail to find harmony over averting the fiscal cliff. the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of sfg alternatives joins us now on this wedn
is a marginal trend to bring business back to the u.s., and food is one of those more likely to stay 'in country' than go elsewhere." challenger, gray and christmas say december is often when layoffs are announced, a process that often continues into january. wall street alone has lost a net 1,200 jobs in 2012 according to new york state's comptroller. and it's about to get a whole lot worse. citigroup is laying off 11,000 people worldwide. bank of america and hsbc combined plan for 40,000 layoffs this year. ubs said in october it would cut 10,000 workers. all told, more than 300,000 financial industry jobs have been lost worldwide during the past two years. the bank belt-tightening is expected to continue in 2013. macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufa
analysts, then sold off on word of declining blackberry sales in the u.s. nike stock jumped 6% higher after exceeding earnings expectations and revealing orders were up 6% in the quarter. now on to the market, which also gained ground yesterday on optimism a budget deal will emerge out of washington. meanwhile, the sleepless in america are creating a boost in business. consumers spending on treatments for insomnia shot up from $24 billion 4 years ago to $32 billion now. fortunately, it's a bumper year for the coffee crop in brazil. the country is harvesting its biggest coffee crop ever. and peter madoff is sentenced to the max of 10 years in prison for helping his brother bernie in their infamous ponzi scheme. scott bauer of trading advantage joins us on this friday morning for a closer look at the markets. good morning to you. we had a nice santa claus rally going on here. do you think that this fiscal talk is just going to kill it? > > no, it doesn't look like it. the trend over the last few days is, we have seen the market up, but we have seen it really kind of accelerate toward the end
Search Results 0 to 2 of about 3

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